IDEX Corp (IEX) shares tumbled 5.50% in pre-market trading on Wednesday, despite reporting better-than-expected second-quarter results. The sharp decline comes as the company slashed its full-year 2025 profit forecast, citing growing economic uncertainty and slowing demand for industrial equipment.

For the second quarter, IDEX reported adjusted earnings per share of $2.07, surpassing analysts' expectations of $1.99. Revenue also beat estimates, coming in at $865.4 million, up 7% year-over-year and above the consensus forecast of $858.7 million. However, the company's outlook for the remainder of the year has raised concerns among investors.

IDEX significantly lowered its full-year 2025 adjusted earnings per share guidance to a range of $7.85 to $7.95, down from the previous forecast of $8.10 to $8.45. This new outlook falls well below the $8.21 per share that analysts were expecting. The company also provided a cautious third-quarter outlook, projecting adjusted EPS of $1.90 to $1.95, which is below the $2.17 analysts had anticipated. CEO Eric Ashleman noted, "Order trends in our rapid-turn businesses downshifted slightly exiting the second quarter... in this uncertain macro-environment, several customers are taking a more cautious stance on larger orders." This statement suggests that IDEX is facing headwinds from broader economic uncertainties, which could impact its performance in the coming quarters.